Indian ride-sharing outfit Ola Cabs is shuttering operations in Australia, New Zealand, and the UK as the company shifts focus to its domestic business.
"Our ride-hailing business is growing rapidly, and we remain profitable and segment leaders in India. The future of mobility is electric – not just in personal mobility but also for the ride-hailing business and there is immense opportunity for expansion in India," a spokesperson told "With this clear focus, we've reassessed our priorities and have decided to shut down our overseas ride-hailing business in its current form in the UK, Australia and New Zealand."Attempts to book cabs via Ola in Australia resulted in error messages revealing that the company doesn't serve the location.
The departure leaves Uber and Didi as dominant ride-hailing players in Australia, where Ola has been a contender since January 2018.Ancient art of banning rideshare companies revived in India, this time on motorbikesTWU National Secretary Michael Kaine alleged that the industry"is cannibalising itself" through"unchecked supply chain pressure and exploitative competition."
"Ola's exit shows how critical it is to get standards in place to lift pay and make transport gig jobs safe, secure and sustainable," asserted Kaine.suggest the Australian venture was a loss-making subsidiary since Ola's parent company paid AU$142 million for shares in the entity.